Credit Analyst I/II - Global Corporate and Investment Banking - Power & Utilities

Bank of America Corporation

Charlotte (NC)

On-site

USD 95,000 - 140,000

Full time

5 days ago

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Job summary

Bank of America in the United States seeks a GCIB Credit Analyst for its Power & Utilities group. You will analyze client credit worthiness, evaluate risks, and write credit memos for renewals and new lending opportunities, supporting underwriting and risk assessment.

Responsibilities include reviewing financial statements, covenants, collateral, and industry data; building projection models; ensuring compliance with risk appetite; collaborating with internal stakeholders to enable transaction

Qualifications

Commercial and/or corporate banking credit underwriting experience
Foundational finance and accounting concepts understanding
Proficient written and verbal communication skills
Strong time-management and ability to manage multiple priorities
Experience analyzing corporate financial statements and interpreting income statements, balance sheets, and cash flow statements
Experience producing analytical written summaries

Responsibilities

Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses compliance with covenants, and renews risk ratings
Assists in underwriting, credit risk analysis, negotiation, and closing of new or existing transactions
Evaluates transaction and relationship risk-adjusted profitability to support capital allocation
Builds projection models for the client based on historical performance, forecasts, and due diligence findings
Developing financial statement forecasts and enterprise valuations
Discussing financing transactions from credit risk and relationship perspectives
Reviewing legal documentation related to loans and derivatives
Writing credit memorandums to summarize analysis and conclusions

Skills

Analytical Thinking

Financial Analysis

Financial Forecasting

Profitability Analysis

Research Analysis

Attention to Detail

Business Acumen

Credit and Risk Assessment

Underwriting

Written Communications

Collaboration

Critical Thinking

Portfolio Analysis

Prioritization

Technical Documentation

Education

Bachelor's Degree in Finance/Accounting/Economics

High School Diploma or GED

Tools

Excel

Job description

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description

This job is responsible for analyzing and interpreting a client's credit worthiness, evaluating credit risks, and writing credit approval memos for annual renewals and new lending opportunities. Key responsibilities include analyzing qualitative and quantitative data such as client's financials, projections, industry data, covenant compliance, and collateral appraisals to ensure compliance with the bank's risk appetite. Job expectations include completing regular monitoring and underwriting tasks and supporting key internal stakeholders to achieve successful execution of new transactions. This role will be filled as a GCIB Credit Analyst within our Power & Utilities group.

Responsibilities

Analyzes client's financial performance by comparing it to past performance, projections, and industry standards
Reviews financial statements, assesses the client's compliance with financial covenants, and renews risk ratings, while recommending changes as warranted
Assists in the underwriting, credit risk analysis, negotiation, and closing of new transactions or existing transactions, while adhering to all relevant policies and procedures
Evaluates transaction and relationship risk-adjusted profitability to facilitate the allocation of capital
Builds projection models for the client (as needed) based on historical performance, industry forecasts, and other due diligence findings
Developing financial statement forecasts and enterprise valuations
Discussing the merits of financing transactions from a credit risk and relationship perspective
Reviewing legal documentation related to loans and derivatives
Writing credit memorandums to summarize your analysis and conclusions

Required Qualifications

Commercial and/or corporate banking credit underwriting–related experience, preferably within a bank or large financial institution
Understanding of foundational finance and accounting concepts
Proficient written and verbal communication skills
Strong time-management skills with the ability to manage multiple priorities
Proficiency in Excel, including the use of formulas and data analysis tools
Demonstrated experience analyzing corporate financial statements, interpret income statements, balance sheets, and cash flow statements
Experience producing analytical written summaries

Desired Qualifications: